1st line of support has broken down, losing momentum possibly, possible 3rd wave up for the impulse? One could unload some looking to reload lower. Just remember mid to low .70's probably won't be seen anytime soon, your banking interest all the while, leave some for the grandkids.

Hi, if you ask my opinion on this low volatily pair that recently got kicked in the nuts coz of swiss monetary decission, i'd say keep it simple and be patient. More likely this pair could head down again, only when this support line has been broken, only then there will be volatility and a straight down trend, coz now it's kinda bouncy. The sup comes from the v formation after the big up.

check the new pic, price stopped exactly at a previous bottom (nr2),
this could indicate a strong reverse, or it could continue till bottom nr1 and hit 0.886 retracement level, goes hand in hand with the big ass downslope trendline. NAAEES..
I'll be only watching for now.

Looks like you are showing FE's here, i don't know the other tool u r showing, looks like elliot?

First when u use FE, you gotta follow the swing, yours are not correct.
The up swing is too large and took too many time compared to your down swing... anyway, when looking for down targets, you need to look for a up swing that is followed by a smaller down swing (so it doesn't go lower than the start of ur upswing) vice vera for up targets....

Anyway, i'll show u something FE wise.
I've put my FE for down targets i've used when it went down, stopped at the second last target. Price went up now and is at the first DOWN target again, to me it is the last chance to keep price in lower regions, if it goes through it and test it it will fly. Right, so also this is the first zone with lots of bottoms, like i've said in the other post. Sellers could come back in play.

I'm only watching and try to find a sell setup if candles are right in lower timeframes, you pull the trigger